secwatch.observer — SEC 8-K summary
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Issuer:     Stellar Bancorp, Inc. (STEL)
CIK:        0001473844
Form:       8-K
Filed at:   2025-09-02T23:59:59+00:00
Accession:  0001473844-25-000057
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Stellar Bancorp redeems $30M of $60M subordinated notes due 2029
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- Redeems $30M aggregate principal of its 4.70% Fixed-to-Floating Rate Subordinated Notes due 2029.
- Redemption price is 100% of principal plus accrued interest to the redemption date of October 1, 2025.
- Original issuance was $60M; partial redemption reduces outstanding to $30M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000057/0001473844-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1473844/000147384425000057/stel-20250829.htm
  HTML page:      https://secwatch.observer/filing/0001473844-25-000057

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer